News Release

TUCSON, Ariz., Oct. 12, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) successfully fired two new Pike 40 mm precision-guided munitions from a standard tube grenade launcher during flight tests at Mile High Resources in Texas. Both rounds landed within the targeted impact area after flying more than 2,300 yards.

"Pike uses a digital, semi-active laser seeker to engage both fixed and slow-moving, mid-range targets," said J. R. Smith, Raytheon's Advanced Land Warfare Systems director. "This new guided munition can provide the warfighter with precision, extended-range capability never before seen in a hand-held weapon on the battlefield."

Weighing less than two pounds and measuring just 16.8 inches in length, Pike can be fired from a conventional, single-shot grenade launcher such as the M320 or EGLM (Enhanced Grenade Launching Module). Pike's rocket motor ignites eight to 10 feet after launch and is nearly smokeless for reduced launch signature.

"Pike will become smarter and smarter as we continue to develop its capabilities," said Smith. "In the current configuration, the warfighter will enter programmable laser codes prior to loading Pike into its launcher. Spiral development calls for multiple-round simultaneous programming and targeting with data link capabilities."

Additional Pike upgrades include the ability to fire it from platform-mounted launchers on small boats, all-terrain vehicles and small unmanned aircraft systems.

About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon